The Munford Union Bank
Memphis, TN — Domestic Branch of a Domestic Bank
Acquired Jun 2003
Vitals
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Total Assets153.1M
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Total Deposits120.5M
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Total Net Loans86.3M
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Net Income439000.0000
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Book Value20.8M
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Book Value x241.5M
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Book Value x362.3M
Balance Sheet Highlights
| Financial Highlights | The Munford Union Bank | All Insured Commercial Banks in Tennessee |
| Balance Sheet $(000) | ||
| Total Assets | 153,079 | 157,531 |
| Total Net Loans | 86,283 | 99,838 |
| Total Deposits | 120,505 | 130,831 |
| Total Equity | 20,770 | 15,578 |
| Profitability | ||
| Net Income | 439 | 2,874 |
| Return on Average Assets | 1.163 | 1.231 |
| Return on Average Equity | 8.506 | 11.901 |
| Net Interest Margin | 3.823 | 4.263 |
| Efficiency Ratio | 54.941 | 67.319 |
| Noninterest Income/Revenue | 9.836 | 14.272 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 71.601 | 73.682 |
| Securities/Assets | .283 | .89 |
| Total Equity/Total Assets | .136 | .099 |
| Tangible Equity/Tangible Assets | .073 | -.617 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 10,376 | 14,685 |
| Tier 2 Capital | 1,059 | 1,264 |
| Total Capital | 11,435 | 15,962 |
| Total Risk Weighted Assets | 96,013 | 106,785 |
| Leverage Ratio | 7.34 | 9.947 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 10.81 | 15.005 |
| Total Capital Ratio | 11.91 | 16.198 |
Timeline for The Munford Union Bank
First Citizens National Bank
The Munford Union Bank was acquired by First Citizens National Bank 21 years
View Profile Jun 14 2003
Nevada Investments Iii
Nevada Investments Iii became a new subsidiary organization for The Munford Union Bank.
View Profile Aug 01 2002
Nevada Investments Iv
Nevada Investments Iv became a new subsidiary organization for The Munford Union Bank.
View Profile Aug 01 2002
First Citizens Bancshares, Inc.
First Citizens Bancshares, Inc. became a new parent organization for The Munford Union Bank.
View Profile Jun 20 2002
Metropolitan Bancshares, Inc.
Metropolitan Bancshares, Inc. became a new parent organization for The Munford Union Bank.
View Profile Jun 08 1982
| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| First Citizens National Bank | Buyer | 1,623,051 | Pooling of Interests | Discontinued | 6/14/2003 |
| Relationships | Role | Relationship Start | Relationship End |
| First Citizens Bancshares, Inc. | Parent | 6/20/2002 | 6/13/2003 |
| Metropolitan Bancshares, Inc. | Parent | 8/28/1997 | 6/19/2002 |
| Metropolitan Bancshares, Inc. | Parent | 6/30/1995 | 8/27/1997 |
| Metropolitan Bancshares, Inc. | Parent | 12/31/1983 | 6/29/1995 |
| Metropolitan Bancshares, Inc. | Parent | 6/8/1982 | 12/30/1983 |
| Nevada Investments Iii | Subsidary | 8/1/2002 | 6/13/2003 |
| Nevada Investments Iv | Subsidary | 8/1/2002 | 6/13/2003 |
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